Tyneside-based audio tech startup set for £345k revenue boost with US expansion

Audio tech company FCP Audio is set for a six-figure revenue boost after expanding into the US education sector.

The Tyneside-based firm has partnered with Anderson Career and Technology Centre (ACTC) in South Carolina, which will use FCP’s full library of educational audio software to help students customise audio for creative video projects.

FCP Audio is expecting to sign deals with another 10 US schools and colleges by the end of 2018, potentially boosting revenues by £345k and helping the firm take on three new staff.

The company has seen its services and software, designed for users of Apple’s video editing software Final Cut Pro X, downloaded in over 150 countries since it was founded in 2017.

Ryan Davidson, co-founder of FCP Audio, said: “The contact we received from ACTC ended up being the catalyst for us focusing more resources into bringing our educational plan fully to life.

“Our website now features an education page where worldwide schools, colleges and universities can create bespoke packages with huge discounts.”

He added: “It has always been our intention to appeal to the global market. As far as the educational sector goes, I think we will be mostly focusing on the US and UK for the moment but have plans to go fully global in the next three years.”

Winston A. Cely, media broadcasting video instructor at ACTC, commented: “I couldn’t be happier with the quality and diversity of the music FCP Audio gave us.

“We are only just now slowly implementing the music, but the feedback from the students has been very positive.”

He continued: “What attracted me to FCP Audio, in particular, was way my students would be able to create new audio tracks and not be limited to the versions that were pre-made.

“I would encourage other schools and colleges in the USA to use FCP Audio, because it’s simple to install and use, and the value is phenomenal. You’re not just getting the music track, you’re getting all the elements that make the track so you can make different tracks or versions for the price of one track. You can’t beat that.”